China Oilfield Services (China Oilfield Services) Days Payable : 137.37 (As of Mar. 2024)

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What is China Oilfield Services Days Payable?

China Oilfield Services's average Accounts Payable for the three months ended in Mar. 2024 was $1,773 Mil. China Oilfield Services's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,178 Mil. Hence, China Oilfield Services's Days Payable for the three months ended in Mar. 2024 was 137.37.

The historical rank and industry rank for China Oilfield Services's Days Payable or its related term are showing as below:

CHOLY' s Days Payable Range Over the Past 10 Years
Min: 106.35 Med: 133.32 Max: 188.12
Current: 112.48

During the past 13 years, China Oilfield Services's highest Days Payable was 188.12. The lowest was 106.35. And the median was 133.32.

CHOLY's Days Payable is ranked better than
69.89% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs CHOLY: 112.48

China Oilfield Services's Days Payable increased from Mar. 2023 (129.34) to Mar. 2024 (137.37). It may suggest that China Oilfield Services delayed paying its suppliers.

China Oilfield Services Days Payable Historical Data

The historical data trend for China Oilfield Services's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Oilfield Services Days Payable Chart

China Oilfield Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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128.77

146.47

128.29

117.75

119.80

China Oilfield Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															129.34	115.08	121.93	90.42	137.37

Competitive Comparison of China Oilfield Services's Days Payable

For the Oil & Gas Equipment & Services subindustry, China Oilfield Services's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Oilfield Services's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Oilfield Services's Days Payable distribution charts can be found below:

* The bar in red indicates where China Oilfield Services's Days Payable falls into.

China Oilfield Services Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

China Oilfield Services's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1553.886	+	1857.303)	/	2 )	/	5196.45	*	365
=	1705.5945					/	5196.45	*	365
=	119.80

China Oilfield Services's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1857.303	+	1689.695)	/	2 )	/	1178.052	*	365 / 4
=	1773.499					/	1178.052	*	365 / 4
=	137.37

China Oilfield Services Days Payable Related Terms

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China Oilfield Services (China Oilfield Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oilfield Services Ltd (OTCPK:CHOLY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHOLF:USA 02883:Hong Kong CO9:Germany 601808:China

Address

201 Haiyou Avenue, Yanjiao Economic & Technological Development Zone, Hebei Province, Sanhe City, CHN, 065201

Website

https://www.cosl.com.cn

China Oilfield Services Ltd is engaged in the provision of oilfield services including drilling services, well services, marine support services, and geophysical acquisition and surveying services. It operates in four segments; the drilling services segment offers oilfield drilling services, the well services segment offers logging and downhole services, the marine support services segment is engaged in the transportation of materials, supplies, and personnel to offshore facilities, moving and positioning drilling structures, and the geophysical acquisition and surveying services segment is engaged in the provision of offshore seismic data acquisition and marine surveying.